Wednesday, March 10, 2010  
 
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Due to the unprecedented volatility of the grain markets, we will only be buying grain and pricing New Crop Contracts during trading hours. This will be Monday thru Friday, 9:30AM-1:00PM.


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Price as of 03/10/10 01:49AM CST.
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Local Conditions
Meade, KS
Chg Zip Code: 
Temp: 39oF Feels Like: 32oF
Humid: 81% Dew Pt: 34oF
Barom: 29.62 Wind Dir: NNW
Cond: Cloudy Wind Spd: 12 mph
Sunrise: 7:01 Sunset: 6:46
As reported at LIBERAL, KS at 1:00 AM
 
Local Radar
Meade, KS
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Local Forecast
Meade, KS

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High: 52oF
Low: 29oF
High: 46oF
Low: 30oF
High: 61oF
Low: 30oF
High: 55oF
Low: 29oF
High: 58oF
Low: 30oF
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DTN Weather Summary
Rainy Wednesday for Midwest
Bryce Anderson (Bio) – DTN Meteorologist

Wednesday will be rainy over most of the Midwest, with some freezing precipitation in the eastern Dakotas, and snow from western Nebraska north through the northwestern Plains. » More DTN Weather Commentary

Posted at 2:25PM Tue Mar 9, 2010 CST

DTN Market Matters Blog
Cash Corn, Wheat Bids Sag ahead of Reports
Pat Hill (Bio) – DTN Markets Blogger

Merchandisers were content to let cash bids for corn and wheat follow the downward path set by the futures markets in pre-report day trade, with soybeans holding steady. [Read and Comment on Full Blog]

Posted at 7:27PM Tue Mar 9, 2010 CST

Quote of the Day


"What is success? I think it is a mixture of having a flair for the thing that you are doing; knowing that it is not enough, that you have got to have hard work and a certain sense of purpose."

~ Margaret Thatcher,  Former Prime Minister of Great Britain


Did You Know?

In 1924 the Magness-Taylor pressure tester was invented to measure fruit ripeness


Fact courtesy of the USDA


For Argument's Sake
3/09 5:42 PM
Ethanol prices have moved from a strong premium to RBOB futures to a sharp discount. Strong demand in gasoline markets and sluggish ethanol markets are changing the pricing dynamics between the two.
DTN Retail Fertilizer Trends
3/09 5:40 PM
Prices for five of the eight major fertilizers were higher and three were lower during the first week of March, compared to a month earlier. However, price movements for all fertilizers continue to be relatively small.
Get More Coverage for the Money
3/09 5:38 PM
Discounts for this year's crop insurance premiums help boost your comfort zone without breaking the bank, DTN finds in this second of a series on your 2010 crop insurance decisions.
Trapped in Grain
3/08 6:21 PM
While most on-farm deaths, such as tractor overturns and power-take-off shaft incidences, are decreasing, the number of children and adults being engulfed in grain is rising every year, reports Bill Field, Purdue University Extension safety specialist. In 2008 there were 34 grain entrapments nationwide compared to 33 in 2007. In five years, incidences increased 33 percent, according to Purdue University's National Grain Entrapment Database.




 
DTN Market News
Cash Corn, Wheat Bids Sag ahead of Reports
DTN Early Word Grains 03/09 07:18
DTN Midday Grain Comments 03/09 11:55
DTN Closing Grain Comments 03/09 13:53
DTN Cattle Close/Trends 03/09 15:20
DTN Early Word Opening Livestock 03/09 05:30
DTN Midday Livestock Comments 03/09 12:11
DTN Closing Livestock Comments 03/09 16:46
DTN Chart Technical Points 03/09 15:00
DTN Feeder Pig Index

DTN Cash Bid Updates
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Quotes
 
W - WHEAT - CBOT
  High Low Last Chg
Mar 480'0 478'6 478'4s -6'0
May 491'4 488'0 489'4s -5'4
Jul 504'0 501'4 502'2s -5'4
 
@KW - WHEAT - KCBT
  High Low Last Chg
Mar 490'2s -4'6
May 498'6 496'0 496'2 -1'2
Jul 509'0 506'4 506'6 -1'4
Sep 520'0s -4'4
Dec 536'2 536'2 536'2 -1'6
Mar 555'2s -3'6
May 566'0s -4'0
Jul 576'2s -4'2
Sep 582'2s -3'2
Dec 597'2s -1'2
Jul 620'2s -1'2
 
C - CORN - CBOT
  High Low Last Chg
Mar 361'6 358'4 358'6s -5'6
May 372'0 368'4 369'0s -6'0
Jul 383'0 379'4 380'0s -6'0
Sep 390'0 388'0 388'6s -6'2
Dec 399'2 396'4 397'0s -6'0
Mar 409'2 407'0 407'6s -6'0
May 425'6 414'4 414'4s -5'6
Jul 421'4 421'2 419'2s -6'0
Sep 413'2s -8'2
Dec 417'4 407'4 408'2s -8'6
Mar 415'6s -8'6
May 421'6s -8'6
Jul 426'6s -8'2
Sep 416'4s -8'4
Dec 406'2s -9'2
Jul 424'2s -9'2
Dec 416'2s -9'2
 
@C - CORN - CBOT
  High Low Last Chg
Mar 359'0 356'6 357'6 -1'0
May 369'4 367'0 368'2 -0'6
Jul 380'2 377'6 379'2 -0'6
 
S - SOYBEANS - CBOT
  High Low Last Chg
Mar 942'0 937'0 941'4s 1'0
May 948'0 935'4 947'4s -0'4
Jul 956'0 944'2 956'0s 0'0
Aug 953'0s -0'2
Sep 938'4s -2'4
Nov 927'4 920'4 927'4s -3'4
Jan 936'2s -3'6
Mar 943'4 937'0 943'4s -3'4
May 946'6s -3'6
Jul 952'4s -3'6
Aug 951'2s -3'6
Sep 946'2s -3'6
Nov 945'6s -3'6
Jan 952'4s -3'6
Mar 955'4s -3'6
May 955'4s -3'6
Jul 960'4s -3'6
Aug 954'6s -3'6
Sep 954'2s -3'6
Nov 938'0s -3'6
Jul 955'2s -3'6
Nov 941'2s -3'6
 
@S - SOYBEANS - CBOT
  High Low Last Chg
Mar 941'4s 1'0
May 950'0 945'2 946'4 -1'0
Jul 958'0 954'0 955'2 -0'6
 
FN - NATURAL GAS BALANCING PT - IPE
  High Low Last Chg
Apr
May
Jun
 
LC - LIVE CATTLE - CME
  High Low Last Chg
Apr 94.600 94.200 94.400s 0.200
Jun 92.450 92.075 92.325s 0.050
Aug 90.800 90.550 90.750s - 0.100
 
@GF - FEEDER CATTLE - CME
  High Low Last Chg
Mar 102.475 102.300 102.475 0.125
Apr 106.075 105.800 106.075 0.050
May 106.650 106.350 106.650 0.050

DTN Top Stories

Wednesday's USDA Crop Production and Supply and Demand reports are expected to be mildly bullish for corn and wheat with soybeans being the wildcard. See DTN Ag News. 4^USDA Report Preview...

The tax bill would extend dozens of tax credits including the $1-per-gallon biodiesel credit. It also includes a $1.5 billion agriculture disaster aid package. See DTN Ag News. BTax-Credit Bill Clears Hurdle...

Discounts for this year's crop insurance premiums help boost your comfort zone without breaking the bank, DTN finds in this second of a series on your 2010 crop insurance decisions. See DTN Ag News. :^Crop Insurance D-Day - 2...

Prices for five of the eight major fertilizers were higher and three were lower during the first week of March, compared to a month earlier. However, price movements for all fertilizers continue to be relatively small. See DTN Ag News. BDTN Retail Fertilizer Trends...

Ethanol prices have moved from a strong premium to RBOB futures to a sharp discount. Strong demand in gasoline markets and sluggish ethanol markets are changing the pricing dynamics between the two. See DTN Ag News. BFor Argument's Sake...


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March 10, 1988
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